GLOBAL MARKETS-U.S. stocks drop on credit fears, bonds rally

Newswire

(Updates with U.S. market activity, adds byline)
By Jennifer Ablan
NEW YORK, July 31 (Reuters) - U.S. stock indexes fell on Tuesday, wiping out triple-digit gains in the Dow Jones industrials, after a mortgage lender said it could no longer fund home loans and might have to liquidate assets.
Investors moved money back into safer securities, including government bonds. The benchmark 10-year U.S. Treasury note was up 6/32, with the yield at 4.78 percent, down from 4.82 percent in early ...

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